Seminole Management buys $57.6 Million stake in Hewlett Packard Enterprise Co (HPE)

Hewlett Packard Enterprise Co (HPE) : Seminole Management scooped up 1,540,412 additional shares in Hewlett Packard Enterprise Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 3,653,593 shares of Hewlett Packard Enterprise Co which is valued at $57.6 Million.Hewlett Packard Enterprise Co makes up approximately 4.74% of Seminole Management’s portfolio.

Other Hedge Funds, Including , Focused Wealth Management Inc reduced its stake in HPE by selling 559 shares or 89.15% in the most recent quarter. The Hedge Fund company now holds 68 shares of HPE which is valued at $1,072.Yacktman Asset Management Lp reduced its stake in HPE by selling 939 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 2,801,556 shares of HPE which is valued at $44.2 Million. Hewlett Packard Enterprise Co makes up approx 0.34% of Yacktman Asset Management Lp’s portfolio.Hudock Capital Group boosted its stake in HPE in the latest quarter, The investment management firm added 6 additional shares and now holds a total of 2,622 shares of Hewlett Packard Enterprise Co which is valued at $41,375. Hewlett Packard Enterprise Co makes up approx 0.02% of Hudock Capital Group’s portfolio. Checchi Capital Advisers added HPE to its portfolio by purchasing 13,253 company shares during the most recent quarter which is valued at $209,132. Hewlett Packard Enterprise Co makes up approx 0.06% of Checchi Capital Advisers’s portfolio.

On the company’s financial health, Hewlett Packard Enterprise Co reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Mar 3, 2016. Analyst had a consensus of $0.40. The company had revenue of $12724.00 million for the quarter, compared to analysts expectations of $12650.07 million. The company’s revenue was down -2.5 % compared to the same quarter last year.

Many Wall Street Analysts have commented on Hewlett Packard Enterprise Co. Company shares were Reiterated by RBC Capital Mkts on Mar 24, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 18 from a previous price target of $15 .Hewlett Packard Enterprise Co was Upgraded by Macquarie to ” Outperform” on Mar 21, 2016. Company shares were Reiterated by Maxim Group on Mar 7, 2016 to “Hold”, Firm has raised the Price Target to $ 19 from a previous price target of $13.50 .

Hewlett Packard Enterprise Company (Hewlett Packard Enterprise) is engaged in offering information technology (IT) and enterprise services solutions. The Company focuses on technology solutions which enables the customers to build cloud-enabled mobile-ready solutions that is suited to their needs. The Company’s portfolio includes enterprise services software and financial services businesses. Hewlett Packard Enterprise offers its services to various enterprises and governments.

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